On January 7, 2022, Nitrosul Indústria e Comércio de Explosivos Ltda. (“Nitrosul” or the “Company”) was acquired by Austin Powder Company ("Austin Powder").
The Brazilian Business Services M&A practice of Kroll Corporate Finance served as the exclusive financial advisor to Nitrosul in connection with the transaction.
About Nitrosul Indústria e Comércio de Explosivos Ltda.
Nitrosul was founded by the Almeida family in 2004 and is a market leader in Brazil. They are traditional manufacturers of explosives and initiation systems for industrial blasting operations. Nitrosul currently offers several types of services, such as dismantling with immediate use of explosives, seismography, technical consulting, rental of authorized vehicles, among others. The Company delivers throughout the Brazilian territory through its own fleet and is legally endorsed by the Brazilian Army. Manucci Advogados (part of Interlaw) served as legal counsel to Nitrosul.
About Austin Powder Company
Austin Powder is the oldest manufacturing enterprise in Ohio, U.S. and one of the oldest manufacturers of explosives in the world. Founded in 1833 in Akron, Ohio, Austin Powder began a period of significant technical and international expansion from 1985. By 1995, the company had operations in a dozen countries around the world with over 1,400 employees. Today, Austin Powder is servicing customers in the Americas, Europe, Asia and Africa. Azevedo Sette Advogados served as legal counsel to Austin Powder.